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Public Service Enterprise Group Incorporated  (PEG)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities
 
Price: $74.5400 $-0.50 -0.666%
Day's High: $75.38 Week Perf: -0.81 %
Day's Low: $ 74.41 30 Day Perf: 9.91 %
Volume (M): 2,042 52 Wk High: $ 75.38
Volume (M$): $ 152,233 52 Wk Avg: $62.73
Open: $75.07 52 Wk Low: $53.71



 Market Capitalization (Millions $) 37,270
 Shares Outstanding (Millions) 500
 Employees 12,684
 Revenues (TTM) (Millions $) 10,242
 Net Income (TTM) (Millions $) 1,808
 Cash Flow (TTM) (Millions $) -30
 Capital Exp. (TTM) (Millions $) 3,383

Public Service Enterprise Group Incorporated
PSEG was incorporated under the laws of the State of New Jersey in 1985 and has its principal executive offices located at 80 Park Plaza, Newark, New Jersey 07102. PSEG is an exempt public utility holding company under the Public Utility Holding Company Act of 1935 (PUHCA).

PSEG has four principal direct wholly-owned subsidiaries: PSE&G, Power, Energy Holdings and PSEG Services Corporation (Services). The following organization chart shows PSEG and its principal subsidiaries, as well as the principal operating subsidiaries of Power: PSEG Fossil LLC (Fossil), PSEG Nuclear LLC (Nuclear) and PSEG Energy Resources & Trade LLC (ER&T); and of Energy Holdings: PSEG Global LLC (Global) and PSEG Resources LLC (Resources).

PSEG's objective is to reduce future volatility of earnings and cash flows principally by entering into longer-term contracts for material portions of its anticipated energy output and by reducing exposure to its international businesses by seeking to opportunistically monetize investments of Energy Holdings that may no longer have a strategic fit. PSEG also expects a gradual decline in earnings from Resources' leveraged leasing business due to the maturation of its investment portfolio.

 

Pwer
A Delaware limited liability company formed in 1999 that integrates its nuclear, fossil and renewable generating asset operations with its wholesale energy sales, fuel supply and energy trading functions.

Earns revenues from selling under contract or on the spot market a range of diverse products such as electricity, natural gas, capacity, emissions credits and a series of energy-related products used to optimize the operation of the energy grid.

PSE&G

A New Jersey corporation, incorporated in 1924, which is a franchised public utility in New Jersey. It is also the provider of last resort for gas and electric commodity service for end users in its service territory.

Earns revenues from its regulated rate tariffs under which it provides electric transmission and electric and gas distribution to residential, commercial and industrial customers in its service territory. It also offers appliance services and repairs to customers throughout its service territory.

Has also implemented demand response and energy efficiency programs and invested in solar generation within New Jersey.

Our other direct wholly owned subsidiaries are: PSEG Energy Holdings L.L.C. (Energy Holdings), which earns its revenues primarily from its portfolio of lease investments; PSEG Long Island LLC (PSEG LI), which operates the Long Island Power Authoritys transmission and distribution system under a contractual agreement; and PSEG Services Corporation (Services), which provides us and our operating subsidiaries with certain management, administrative and general services at cost.

The following is a more detailed description of our business, including a discussion of our:
Business Operations and Strategy
Competitive Environment
Employee Relations
Regulatory Issues
Environmental Matters

Customers

As EWGs, Power's subsidiaries do not directly serve retail customers. Power uses its generation facilities primarily for the production of electricity for sale at the wholesale level. Power's customers consist mainly of wholesale buyers within the Super Region, primarily within PJM, but also in New York, Connecticut and the Midwest. As a result of the 2003 New Jersey BGS auction, Power entered into hourly energy price contracts to be a direct supplier of certain large customers through the BGS auction and entered into contracts with third parties who are direct suppliers of New Jersey's EDCs. As a result of the 2004 New Jersey BGS auction, Power will be a direct supplier of New Jersey's EDCs. In addition, Power extended into the New England Power Market by securing a three-year, full requirements contract with a Connecticut utility with an expected peak load of 1,150 MW, has entered into four year contracts totalling 500 MW with two Pennsylvania utilities and is considering entering into similar opportunities in other states.

Global has ownership interests in four distribution companies which serve approximately 2.8 million customers and has developed or acquired interests in electric generation facilities which sell energy, capacity and ancillary services to numerous customers through PPAs, as well as into the wholesale market.

Competitive Environment

The electric and gas transmission and distribution business has minimal risks from competitors. PSE&G's transmission and distribution business is minimally impacted when customers choose alternate electric or gas suppliers since PSE&G earns its return by providing transmission and distribution service, not by supplying the commodity.

Through its operating subsidiaries, Power competes as an independent wholesale electric generating company, primarily in the Northeast. Most of Power's generating assets are strategically located within the Pennsylvania, New Jersey, Maryland Interconnection (PJM), one of the nation's largest and most developed energy markets. Power has extended its generation business into New York, Connecticut and the Midwest states.

Power's competitors include merchant generators with or without trading capabilities, utilities that have generating capability or have formed generation and/or trading affiliates, aggregators, wholesale power marketers or combinations thereof. These participants compete with Power and one another buying and selling in wholesale power pools, entering into bilateral contracts and/or selling to aggregated retail customers. Power believes that its asset size and location, regional market knowledge and integrated functions allow it to compete effectively in its selected markets.

Energy Holdings and its subsidiaries continue to experience substantial competition, both in the U.S. and in international markets. In the U.S., an overbuild in generation has led to a large capacity surplus in several regions, including Texas. This has resulted in reduced operating margins for both independent power producers and utility generators.



   Company Address: 80 Park Plaza Newark, 7102 NJ
   Company Phone Number: 430-7000   Stock Exchange / Ticker: NYSE PEG
   


Customers Net Income fell by PEG's Customers Net Profit Margin fell to

-17.99 %

10.58 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CEG        3.9% 
DUK   -3.07%    
NRG        0.99% 
PCG   -3.7%    
SRE   -3.88%    
XEL   -5.29%    
• View Complete Report
   



Public Service Enterprise Group Incorporated

Public Service Enterprise Group Incorporated Reports a -26.498% Decline in Revenue for January to March 31, 2024



In the January to March 31, 2024 financial time-frame, Public Service Enterprise Group Incorporated (PSEG) experienced a significant decline in its net profit per share, compared to the previous year. Additionally, the company observed a decrease in net profit per share from the preceding reporting season. Furthermore, PSEG witnessed a decline in revenue compared to the corresponding period a year ago, although there was sequential growth. This report will provide an overview of PSEG's financial performance for the mentioned time-frame, including profitability metrics and key financial indicators.
Financial Performance Overview:
1. Net Profit per Share:
PSEG's net profit per share drastically plummeted by 58.91%, declining from $2.58 per share to $1.06 per share compared to the same period last year. Additionally, it decreased by 2.93% from $1.09 per share during the preceding reporting season.

Public Service Enterprise Group Incorporated

Financial Challenges Persist for Public Service Enterprise Group Incorporated as Revenue and EPS Decline

Public Service Enterprise Group Incorporated (PEG) reported a disappointing financial fourth quarter of 2023, with a drop in both top and bottom-line figures. The company's income per share decreased by 30.85%, while revenue fell by 17.012% year on year. In comparison to the financial three months ending December 31, 2022, revenue decreased from $3.14 billion to $2.61 billion, and EPS dropped from $1.58 to $1.09.
While PEG faced challenges in the fourth quarter, the Electric Utilities industry as a whole saw a revenue gain during the same period. The company did experience positive growth compared to the previous three months, with EPS increasing by 304.44% from $0.27 per share and revenue advancing by 6.067% from $2.46 billion.

Public Service Enterprise Group Incorporated

Public Service Enterprise Group Booms with $74 Million Tax Refund Boost

Public Service Enterprise Group Incorporated (PEG) has shown improvement in its shares over the last five trading days, with a 1.77% increase. However, its year-to-date performance remains negative at -0.63%. Additionally, the shares are currently 5.8% below their 52-week high.
One of the key factors contributing to the positive performance of PEG is its revenue growth. In the financial three months closing on September 30, 2023, the company reported an 8.099% increase in revenue, reaching $2.46 billion compared to $2.27 billion in the previous year. This growth also translated into a 22.73% increase in bottom-line growth, with earnings per share (EPS) rising to $0.27 from $0.22 in the prior year quarter.

Public Service Enterprise Group Incorporated

Public Service Enterprise Group Incorporated Q2 2023 Earnings Soar by 353.85% Amid Sector's Challenges

Public Service Enterprise Group Incorporated (PSEG) has recently reported impressive financial numbers for the period of April to June 30, 2023. The electric utilities company has displayed a positive trend in terms of revenue and net profit per share during this period.
PSEG's revenue for the mentioned period reached $2.42 billion, reflecting a significant increase of 16.618% compared to the previous year. However, the company experienced a decline of -35.526% quarter on quarter. Despite this decline, PSEG stands out as most entities in the electric utilities sector struggle with diminishing businesses and declining revenue.

Public Service Enterprise Group Incorporated

Interesting performance by PEG in the fiscal time-frame closing Mar 31 2023

Public Service Enterprise Group Incorporated, or PEG, has had a solid first quarter of 2023 earnings season, recording earnings per share of $2.58, compared to $0.00 in the previous year's reporting period. This represents a significant increase of 63.38% from the previous reporting period. The company also recorded strong revenue growth, with revenue of $3.76 billion, an increase of 62.343% from the previous year's reporting period and a sequential improvement of 19.624% from the previous reporting period.
One notable improvement for PEG was their net income, which came in at $1,287.000 million, a significant improvement from their net loss of $-2.000 million in the same reporting period a year ago. The company also highlighted its improving profit margins, with a net margin of 34.27% in the first quarter of 2023 earnings season, compared to 0.00% in the previous year's reporting period. The operating margin also increased to 43.89%.






 

Public Service Enterprise Group Incorporated's Segments
 
PSE&G
 Segment     of total Revenue
Power
 Segment     of total Revenue
Global
 Segment     of total Revenue
Other
 Segment     of total Revenue
 
• View Complete Report

Public Service Enterprise Group Incorporated's Operating Statistics Decrease / Increase
       
Residential Electric Sales (millions kwh)    Residential Electric Sales (millions kwh) Growth   
Commercial Electric Sales (millions kwh)    Commercial Electric Sales (millions kwh) Growth   
Industrial Electric Sales (millions kwh)     
Street Lighting Electric Sales (millions kwh)   Street Lighting Electric Sales (millions kwh) Decline   
Interdepartmental Electric Sales (millions kwh)    Interdepartmental Electric Sales (millions kwh) Growth   
Total Electric Sales (millions kwh)    Total Electric Sales (millions kwh) Growth   
Residential Electric Revenue (in millions)    Residential Electric Revenue (in millions) Growth   
Commercial Electric Revenue (in millions)     
Industrial Electric Revenue (in millions)     
Street Lighting Electric Revenue (in millions)     
Other Electric Revenue (in millions)     
Total Electric Revenue (in millions)    Total Electric Revenue (in millions) Growth   
Residential Gas Sales (millions therms)   Residential Gas Sales (millions therms) Decline   
Commercial Firm Gas Sales (millions therms)   Commercial Firm Gas Sales (millions therms) Decline   
Commercial Interr. & Cogen.Gas Sales (millions therms)     
Industrial Firm Gas Sales (millions therms)     
Industrial Interr. & Cogen Gas Sales (millions therms)     
Total Gas Sales (millions therms)   Total Gas Sales (millions therms) Decline   
Residential Gas Revenue (in millions)   Residential Gas Revenue (in millions) Decline   
Commercial Firm Gas Revenue (in millions)    Commercial Firm Gas Revenue (in millions) Growth   
Commercial Interr & Cogen Gas Revenue (in millions)     
Industrial Firm Gas Revenue (in millions)     
Industrial Interr. & Cogen Gas Revenue (in millions)     
Other Operating Gas Revenue (in millions)     
Total Gas Revenue (in millions)    Total Gas Revenue (in millions) Growth   




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